Page 1 of 3GLA-01114NY 7/08 COBRA GUIDELINES HOW DOES AN EMPLOYEE APPLY FOR COBRA?â¢ The Employee needs to complete the Dental COBRA Election Form (GLA-01359*) within 60 days of the date of terminationor qualifying event.
Straight life. A straight life insurance policy is a type of permanent insurance that provides a guaranteed death benefit and has fixed premiums. This traditional life insurance is sometimes also known as whole life insurance or cash value insurance.
Split-dollar life insurance is a type of life insurance in which a company and an employee of the company purchase a life insurance policy together. Generally, the employer is listed as the owner of the policy.. However, the employer and the employee share both the premium costs and the benefits of the policy.